HomeNewsIndia NewsReserve Bank of India announces new lending policy; no change in interest...

Reserve Bank of India announces new lending policy; no change in interest rates

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Mumbai: The Reserve Bank of India has announced a new lending policy. At present, the repo rate is 4% and the reverse repo rate is 3.35%.

Inflation for the current financial year has been revised to 5.7 percent. Earlier it was estimated at 5.1 percent. The growth rate was kept at nine percent.

The country is moving away from covid expansion and the market is showing signs of recovery, RBI said.

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